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Cedric Kohler joins Fundana to design customized hedge fund portfolios

Thursday, September 08, 2011
Opalesque Industry Update – One way to go around the regular fund of hedge funds (FoHFs) model is to create customized mandates. Swiss firm Fundana is starting out in this direction, and has hired a veteran to head this new project.

The veteran in question is Cédric Kohler, former head of hedge fund business at Lombard Odier Darier Hentsch & Cie, a Swiss private bank. He has just joined Fundana as head of its Hedge Fund Advisory group. The objective of this brand-new group is to provide sophisticated investors with tailor-made solutions for their alternative investments.

Cédric Kohler had also been head of portfolio construction at Citadel, a Chicago-based global hedge fund house, and managing director at Merrill Lynch in New York. He graduated at the business schools of the University of Warwick and the HEC in Lausanne.

Fundana is an independent firm based in Geneva that principally advises FoHFs; it currently does so with three FoHFs, which manage a total of $800m in AuM.

As head of Fundana’s advisory group, Cédric Kohler will use the current strategy and manager research carried out by the firm to design highly-customized portfolios for clients in need of a more dedicated solution than a regular FoHFs, says Fundana’s release.

According to Kohler, Fundana’s Flagship mandate (Prima Capital Fund – a long/short equity FoHFs) has returned 72% since Jan 2003 vs. 47% for the S&P 500, with less than half of the volatility. Funds advised by Fundana have been rated by S&P and Morningstar since 2007; the Flagship fund is rated AAA and the multi-strategy fund is rated AA. Furthermore, none of the funds advised by Fundana had any Madoff exposure, gated, created side pockets or suspended redemptions.
Manalo / Gravrand .

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